Hoping for harmony … Go Away you Bomb dates from Bob Dylan's politically active period in New York during the early 60s. Photograph: Michael Ochs Archives

Typewritten lyrics to an unreleased Bob Dylan song are due to be auctioned in London next month. The words to Go Away You Bomb, written for a 1963 anti-nuclear-weapons campaign, are expected to sell for between £25,000 and £35,000.

Dylan's wry and livid screed dates from his early days in New York, when he was working on his debut album, The Freewheelin' Bob Dylan. The young songwriter had come under the wing of Izzy Young, owner of an influential folk-music shop in Greenwich Village. Young, who had organised Dylan's first New York concert, asked the singer for a new song to include in a book of songs opposing the atomic bomb. The next day, according to the New York Times, Dylan gave him this lyric sheet, with handwritten deletions and alterations.

Although Young and Dylan fell out when the musician "went electric" in 1965, the shopkeeper kept the typewritten manuscript and brought it with him when he moved to Stockholm in the 1970s. He also has an original version of the lyrics to Talking Folklore Center, a 1962 song that Dylan wrote about Young's store. "I have never sold anything important to me until now and the funds raised will help to keep the Folklore Centre in Stockholm going," the 85-year-old Young said. "I'm a fun-loving Jewish boy who loves folk music and never gave up – that's why I'm still alive."

"This unreleased song, written against the background of the threat of nuclear warfare, is not only a beautiful example of Dylan's songwriting, representing his political protest activities during that era, but is also a potent symbol of the anxieties of the American public in the early 1960s," said Nicolette Tomkinson, a director at Christie's. The lyrics will be auctioned in London as part of the house's sale of pop culture items on 26 June.